Hong Kong's first officially approved HKD-backed stablecoin, HKDAP, has successfully completed a live transfer test on the Ethereum mainnet involving three licensed firms: Anchorpoint Financial, OSL Group, and PantherTrade. This test proves that HKDAP can be issued, transferred, and settled on a public blockchain without technical issues, marking a significant step beyond previous permissioned pilots in Asia. The project operates under the Hong Kong Monetary Authority's licensing, aiming for phased issuance by the end of Q2 2026. HKDAP is pegged 1:1 to the Hong Kong dollar and is designed to offer a compliant, regulated alternative to offshore dollar-pegged stablecoins, while leveraging Ethereum's DeFi ecosystem for interoperability.
Bitcoin's price remains stable around $64,261 with minimal gains, while whale wallets and exchange outflows indicate accumulation rather than selling. Miner reserves are steady, supporting a neutral to positive market outlook despite limited price mo...
Ethereum remains range-bound around $1,900, with a major whale recently purchasing and staking 10,657 ETH worth about $20 million, signaling confidence in long-term gains. US-based spot Ethereum ETFs recorded $30.85 million in net inflows, indicating...
XRP price held steady around $1 as a significant White House meeting took place involving regulators, crypto executives, and financial institutions to discuss cryptocurrency regulation and market infrastructure. The meeting included figures from the ...
Bitcoin is consolidating around $64,200, caught between weak long-term trends and short-term stability, with key resistance near $66,000-$67,000. Ethereum is compressing near $1,900, poised for a breakout above $1,950 to signal potential upward momen...
The US SEC and CFTC jointly released a clear regulatory framework on March 17, 2026, classifying Bitcoin, Ether, Solana, XRP, and Cardano as digital commodities, not securities. Payment stablecoins compliant with the GENIUS Act of 2025 are explicitly...
